Crypto Custody… At the Fed?
The idea that billionaires would gather behind closed doors and discuss the fate of the world is no longer conspiracy.
Power & Market
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Kevin McCarthy Faces New House Rules and the Debt Ceiling Fight
It took 15 votes and a host of concessions to the Freedom Caucus and its allies, but Kevin McCarthy (finally) became Speaker of the House.
Economists Should Help Limit at Least One Major American Political Party
Great economists have worked on the economy’s key initial and boundary conditions—those in politics and governments.
7 Months of QT Down
Another month has passed, and the Federal Reserve has once again been able to shrink its balance sheet.
2023 Begins With a $1.7 Trillion Theft
The Federal Reserve has been oddly quiet this holiday season. However, members of congress have not.
The Bad Economics of Democracy: Why Horse Trading is More Than Just a Moral Problem
If you follow Indian politics, chances are you expect news of political horse trading every major election cycle.
Brave New World Still Resonates with the Modern Reader
I’m rereading Brave New World as we’re kind of living in it.
